Philippine manufacturing growth slowed in March as input prices spiked amid rising energy costs tied to the war in the Middle East. In a report on Wednesday, April 1, S&P Global said the Philippines ’ purchasing managers’ index (PMI) eased to 51.3 last month from 54.6 in February, signaling a...
RL Commercial REIT Inc. (RCR), the real estate investment trust (REIT) backed by Gokongwei-led Robinsons Land Corp. (RLC), is targeting a doubling of its property portfolio to more than two million square meters (sqm), though management indicates the next phase of asset injections will be paused...
Ayala Corp., the Philippines’ oldest conglomerate, posted record core earnings for a third consecutive year as gains in its real estate and banking units shielded the group from the slump in its energy and telecommunications businesses. In a disclosure to the Philippine Stock Exchange, the firm...
Concepcion Industrial Corp. (CIC), a consumer appliances and enterprise solutions firm, recorded an 8.33-percent decline in consolidated net income to ₱1.1 billion last year from ₱1.2 billion in 2024 amid industry-wide challenges. In a disclosure to the Philippine Stock Exchange (PSE) on...
Zobel-led conglomerate Ayala Corp. is raising up to ₱30 billion through issuances of Philippine peso-denominated bonds to be sold via general public offerings. In a disclosure to the Philippine Stock Exchange (PSE) on Thursday, Jan. 22, the firm said its board of directors approved the finance...
The Philippine Stock Exchange index (PSEi) is poised to reclaim the 7,000 level this year as the central bank’s pivot toward monetary easing and sweeping expansion of real estate investment trust rules draw investors back to local equities. Investment & Capital Corporation of the Philippines...
MRC Allied Inc. has agreed to sell a 21 percent stake to two private investors for ₱315 million to help pay down debt and fund corporate obligations. In a disclosure to the Philippine Stock Exchange on Monday, Jan. 19, MRC said the company’s board of directors approved the issuance of 315...
The anti-trust watchdog Philippine Competition Commission (PCC) has approved the acquisition by Danish infrastructure fund A.P. Møller Capital of a 40-percent stake in Ayala Corp.’s subsidiary, AC Logistics Holdings Corp. The acquisition paves the way for the proposed logistics joint venture...
Investment & Capital Corporation of the Philippines (ICCP) expects a new wave of real estate investment trust listings to reach the local market, driven by proposed regulatory changes and the shifting interest-rate environment. The Securities and Exchange Commission (SEC) is moving to amend rules...
Ayala Corp., the Philippines’ oldest conglomerate, signaled a more aggressive stance on regional partnerships and capital raising as it moves into 2026, following a year characterized by a pivot toward global joint ventures and specialized infrastructure funding. The Zobel family-led holding...
As Christmas greetings made the rounds, so did quieter whispers of an unsettling rumor: that a major mining company shareholder is allegedly being groomed to take the helm of the Department of Environment and Natural Resources (DENR). This raises a troubling scenario: Is current Environment...
Ayala Corp., the country’s oldest conglomerate, reported a sharp increase in profits for the first nine months of the year, driven by one-time gain tied to the revaluation of its stake in Gcash owner Mynt. In a disclosure to the Philippine Stock Exchange on Thursday, Nov. 13, the holding company...
